DELooks like a Shark could be in play here. The overall formation could be a Wedge, Descending and Broadening.
DE trade ideas
DE Deere... Nothing runs like a Deere (with a Chinese tailwind oI stuck with DE Deere as it is contained between the two displayed cyclical s/r levels. Pros stepped in on 2014.11.17 and absorbed supply. Earnings is up next. I expect a push to s/r at 88.62 to front run earnings.
$DE Looking for 77.49, then big up move to 89.82(OPPORTUNITY)HUGE Swing Long Opportunity should come around 77.49. Until then, ride 'er short.
John Deere BearishBased on some fundamental information as well as a clear trading range, DE may soon be entering a danger zone.
Look for it to see some significant losses if it breaks the $81 support line.
